MTA suffers huge losses from COVID-19 pandemic as ridership declines sharply


Ridership declines across all of the MTA’s trains and buses is becoming “more severe” by the day, the agency’s latest statistics revealed, causing $87 million in weekly revenue losses and raising the specter of more debt and drastic cuts to much-needed long-term repairs.



Already dealing with financial pressure, New York's Metropolitan Transportation Authority is being hit especially hard by the coronavirus pandemic, as new ridership data in the latest Annual Disclosure Statement reveals.

"Recent substantial declines in ridership and traffic in response to the COVID-19 pandemic have already been observed and have become more severe daily," reads the statement. "There remains a high risk for further reductions in ridership and people may permanently alter their commutation behavior after this crisis based on their telecommuting experience during the COVID-19 crisis."

View this post on Instagram A post shared by MTA New York City Transit (@mtanyctransit) on Mar 18, 2020 at 7:03pm PDT

Earlier this week, MTA Chairman and CEO, Patrick J. Foye, requested an incremental $4 billion in federal assistance to "allow MTA to respond to the coronavirus pandemic" — more than 23% of the agency's current annual $17.1 billion operating budget.

Alexander Walter via Archinect - News https://bit.ly/2WyHJP5

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